SafeNet, Inc., Sells Government Solutions Business Unit To Raytheon Company
Divestiture allows SafeNet to sharpen its focus on providing commercial data protection and rights management solutions
BALTIMORE – December 12, 2012 – SafeNet, Inc., a global leader in data protection, today announced it is increasing its focus on data protection and rights management for enterprise customers following the sale of its Government Solutions business unit to Raytheon Company. Financial terms of the agreement were not disclosed.
In November, SafeNet announced that it was divesting government solutions that were largely defense related to focus on the company's data protection and rights management portfolios. In addition to its enterprise customers, SafeNet will continue to provide government customers with its high-assurance data protection solutions, delivering strong authentication, key management, information sharing, and intelligent encryption necessary to protect critical data as the government migrates from the data center to the virtual data center and to the cloud.
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Dave Hansen, SafeNet's President and Chief Executive Officer, stated "All of our data protection and rights management customers will benefit from today's announcement, whether they are commercial, critical infrastructure, or government enterprises. It will enable us to continue to sharpen our focus and extend our leadership in the explosive growth markets of data protection for cloud and virtual environments, and security from the cloud."
SafeNet's recent product introductions include SafeNet Authentication Service, a pure cloud, strong authentication platform; ProtectV, a high-assurance solution for securing cloud and virtual infrastructure and related data; SentinelCloud, cloud-based software licensing management; StorageSecure, the market's only multi-gigabit storage data protection appliance; and KeySecure, providing enterprise-scale key management for on-premise, cloud, and mobile environments. In addition, SafeNet has announced several cloud-related strategic alliances with VMware (NYSE: VMW) , Amazon Web Services (NASDAQ: AMZN), and NetApp (NASDAQ: NTAP).
SafeNet, Inc. is one of the largest information security companies in the world, and is trusted to protect the most sensitive data for market-leading organizations around the globe. SafeNet's data-centric approach focuses on the protection of high-value information throughout its lifecycle, from the data center to the cloud. More than 25,000 customers across commercial enterprises and government agencies trust SafeNet to protect and control access to sensitive data, manage risk, ensure compliance, and secure virtual and cloud environments.